From Financial Modeling Prep: 2024-11-27 04:51:31

Dell Technologies shares plummeted 11% after revising Q4 revenue forecast due to weaker PC demand. Q3 earnings beat EPS estimates at $2.15 but missed revenue projections at $24.4 billion. Client Solutions Group revenue dropped 1%, while Infrastructure Solutions Group surged 34% driven by AI demand. Analysts predict short-term challenges but long-term AI growth potential for Dell. Morgan Stanley sees stock as a buy post-earnings dip. Dell’s AI infrastructure growth could drive recovery amid market challenges. Investors can access detailed financial data through FMP’s Financial Statements API for tracking Dell’s performance and market trends.



Read more at Financial Modeling Prep:: Dell Technologies Q3 Performance: Challenges and O…